Leverage: Margin Trading
Regulation: SEC, FINRA, NFA, SIPC
Min. Deposit: $25,000
HQ: USA
Platforms: Lightspeed Trader, Eze EMS Pro and Eze EMS Express, Sterling Trader Pro, Sterling Vol Trader, SILEXX OEMS, Futures trading platforms
Found in: 2006
Lightspeed is a Real Stock Trading company that provides opportunities for experienced traders and investors to engage in trading various financial instruments such as stocks, ETFs, equities, options, and futures.
Established in 2006 in the United States, the firm is a registered broker-dealer under the US Securities and Exchange Commission (SEC) and holds memberships with regulatory bodies like the Financial Industry Regulatory Authority (FINRA), National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC).
Overall, the broker is known for its focus on active and professional traders, providing them with a variety of trading platforms that offer advanced trading tools, low-latency execution, and direct market access.
Yes, Lightspeed is a Stock trading broker that provides competitive options for Real Stock trading and Investment with other options including ETFs, Shares, Futures, etc. The brokerage firm provides advanced trading platforms and tools, real-time market data, technical indicators, and a range of charting tools, along with quite powerful trading conditions and solutions overall, which makes Lightspeed quite a good choice among US Traders.
According to our findings, Lightspeed has several pros and cons that traders should consider. On the positive side, the company offers sophisticated trading platforms tailored for investors and professionals involved in Stocks, Futures, and Options trading. Additionally, it provides low commissions and fees, various account types, and a professional trading environment. Moreover, traders can benefit from the broker’s extensive educational resources, research materials, and the Academy program.
For the cons, the product offering could be more limited in comparison to certain well-established brokerage firms. Also, the minimum deposit is relatively higher, however, this might not be seen as a disadvantage due to Lightspeed’s Prime brokerage classification. The lack of 24/7 customer support could potentially be a drawback for traders who require assistance throughout the day.
| Advantages | Disadvantages |
|---|---|
| SEC, FINRA regulation and oversee | Limited trading instruments |
| For US traders, professionals, and investors | No 24/7 customer support |
| Competitive trading conditions | High minimum deposit |
| Advanced trading platforms | |
| Real Stock Trading and Investment | |
| Direct Market Access | |
| Various account types | |
| Shares and Futures trading | |
| Good education and research |
| 🏢 Headquarters | USA |
| 🗺️ Regulation | SEC, FINRA, NFA, SIPC |
| 🖥 Platforms | Lightspeed Trader, Eze EMS Pro and Eze EMS Express, Sterling Trader Pro, Sterling Vol Trader, SILEXX OEMS, Futures trading platforms |
| 📉 Trading Products | Stock, options, ETFs, futures |
| 💰 Stock Commission | From $0,50 |
| 🎮 Paper Trading/ Demo Account | Yes |
| 💳 Minimum Deposit | $25,000 |
| 💰 Base Currencies | USD, EUR, GBP |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
Based on our research, Lightspeed provides competitive Stock trading services, low commission fees, and advanced trading platforms and tools for investors and professionals. However, we recommend considering your specific investment needs, preferences, and potential limitations of the platform before making a decision to trade with the broker.
| Ranking | Lightspeed | Webull | Robinhood |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Advantages | Good Trading Conditions | Commission-free Trading | Competitve Fees |
Following a comprehensive assessment of various factors, including trading features, regulatory compliance, fees, trading instruments, and user feedback, we have conducted an analysis and created a list of alternative Stock Broker options to consider instead of Lightspeed.
No, Lightspeed is not a scam. It is a reliable and secure Stock Trading Broker that follows the strict rules and guidelines established by SEC, FINRA, and NFA (USA) which are Top-Tier regulations and provide low-risk Stocks and Futures trading.
Yes, Lightspeed is a legit and regulated broker that focuses on following rules and regulations set by top-tier US authorities, which ensures that Lightspeed operates within established financial guidelines and provides a secure trading environment for its clients.
See our conclusion on Lightspeed Reliability:
| Lightspeed Strong Points | Lightspeed Weak Points |
|---|---|
| Top-tier license | None |
| Member of FINRA, NFA, and SIPC | |
| Professional trading environment | |
| Client funds security | |
| Account coverage up to $25,500,000 at no charge | |
| 2-step verification |
The broker is a member of the Securities Investor Protection Corporation (SIPC) in the USA, which provides limited protection for clients in the event of a brokerage failure. Each account receives coverage of up to $25,500,000 without incurring any additional fees. Also, SIPC offers protection of up to $500,000, with a maximum of $250,000 applicable to cash credit balances.
Additionally, Lightspeed’s focus on low-latency trade execution and direct market access helps ensure that clients’ trades are executed swiftly and at desired prices, reducing the risk of slippage.
The leverage ratio can vary depending on the specific financial instruments and markets being traded. It allows traders to potentially amplify their potential returns, however, increased leverage also comes with increased risk. Therefore, traders should carefully consider their risk tolerance and trading strategy before utilizing leverage.
Lightspeed leverage is offered according to SEC, FINRA, NFA, and SIPC regulations:
Based on our findings, the brokerage provides a range of account options categorized as both Standard and institutional accounts, tailored to meet the requirements of professional traders and investors. For Standard accounts, Lightspeed supports Cash, Cash and Margin, Cash and Options, Margin, Margin and Option.
Additionally, Lightspeed provides a Demo account which is an advantage for traders to test their strategies in a virtual environment that replicates real market conditions without risking actual funds on the stock exchange.
| Pros | Cons |
|---|---|
| Fast and easy account opening | High minimum deposit |
| Account base currencies EUR, USD, GBP | |
| Demo account |
Opening an account with a broker is considered quite an easy process, as you can log in and register with Lightspeed within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:
Lightspeed provides access to popular trading instruments, such as online stocks, options, ETFs, futures, and equities. The broker enables investors to diversify their portfolios and participate in various markets according to their individual preferences and trading strategies.
In terms of fees, we found that the broker provides competitive pricing for the majority of trading services. While Lightspeed does not charge for electronic (ACH) transfers, additional fees may be applicable during trading activities. Moreover, Margin trading also involves interest charges on borrowed funds. So, carefully review Lightspeed stock price
structure and terms and conditions to gain a comprehensive understanding of the associated charges and their potential impact on trading operations.
| Fees | Lightspeed Fees | Webull Fees | Robinhood Fees |
|---|---|---|---|
| Deposit fee | Yes | Yes | No |
| Withdrawal fee | Yes | Yes | No |
| Inactivity fee | Yes | No | No |
| Investment plans | Yes | Yes | Yes |
| Fee ranking | Average | Average | Low |
Based on our test trade, the broker charges commissions on trades rather than spreads. This means that traders using Lightspeed typically pay a fixed commission fee per trade or a per-share commission fee. The exact commission structure may vary depending on the type of account, the trading platform, and the specific financial instruments being traded.
| Asset/ Pair | Lightspeed Commission | Webull Commission | EC Markets Commission |
|---|---|---|---|
| Stocks Fees | From $0,50 | $0 | $0 |
| Fractional Shares | No | From $5 | No |
| Options Fees | From $0,20 | From $0 | From $0 |
| ETFs Fees | From $0,50 | From $0 | From $0 |
| Free Stocks | No | Yes | Yes |
The broker generally follows the standard trading hours of the major U.S. stock exchanges. This means that trading typically takes place from 9:30 AM to 4:00 PM Eastern Time (ET) on regular trading days for both NYSE and NASDAQ-listed securities. However, trading hours may be subject to changes or exceptions due to factors such as market holidays or extended trading sessions. To ensure precision, traders should confirm the specific trading hours directly through the official website or by reaching out to customer support.
We found that the broker offers multiple funding methods to deposit funds into your trading account such as ACH electronic transfers, wire transfers, and account transfers.
Here are some good and negative points for Lightspeed funding methods found:
| Advantage | Disadvantage |
|---|---|
| Fast digital deposits | Withdrawal and deposit fees |
| Variety of funding methods | |
| Multiple account base currencies |
To open a live trading account with the broker, clients need to deposit $25,000 as an initial deposit amount, which is relatively high compared to other brokerage firms.
Lightspeed minimum deposit vs other brokers
| Lightspeed | Most Other Brokers | |
| Minimum Deposit | $25,000 | $500 |
Per our analysis, the broker offers a fast and secure withdrawal process for traders to access their funds. Clients can typically initiate withdrawals through their online account portal, choosing from various withdrawal methods, including electronic transfers and wire transfers. The requested withdrawal amount is confirmed before submission, and once processed, funds are typically transferred to the specified destination, such as a bank account. The time it takes for funds to reach the designated account may vary depending on the chosen withdrawal method and other factors.
To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:
Lightspeed offers a range of sophisticated trading platforms designed to cater to the needs of active and professional traders. These include the broker’s proprietary platforms and multiple third-party trading platforms. Among these platforms, the most notable is the Lightspeed Trader, a desktop-based platform known for its advanced charting tools, real-time market data, customizable layouts, and rapid trade execution.
Additionally, Lightspeed provides a web-based platform called Lightspeed Web Trader, offering accessibility from any browser, as well as Lightspeed API. The firm also offers a mobile trading app for trading on the go, ensuring flexibility for traders in various situations. These platforms collectively empower traders with the tools and technology necessary to execute trades efficiently and make informed decisions in fast-paced financial markets.
| Platforms | Lightspeed Platforms | Webull Platforms | Robinhood Platforms |
|---|---|---|---|
| MT4 | No | No | No |
| MT5 | No | No | No |
| cTrader | No | No | No |
| Own Platforms | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
According to our findings, the app typically offers features such as real-time market data, order placement, account management, and customizable alerts, technical indicators, enabling traders to stay connected to the markets and manage their portfolios from virtually anywhere. This mobile app complements Lightspeed’s desktop and web-based platforms, providing flexibility and convenience for traders who require accessibility and responsiveness in today’s dynamic financial markets.
Lightspeed support is available 24/5 through email, phone lines, and social media channels staffed by trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Email, phone, social media channels | No 24/7 customer support |
| Relevant answers | |
| Quick responses |
At the last point for Education, the broker offers a range of educational resources including live webinars, trading tutorials, videos, options Academy, news, market insights, and more. These resources help traders build knowledge and confidence in navigating the financial markets effectively. The education focus benefits both active and professional traders who rely on advanced tools and insights for informed trading decisions and success.
To sum up, Lightspeed is a well-regarded Stock trading brokerage known for its comprehensive offerings tailored to advanced traders and investors. It holds strong regulatory credentials from top-tier US financial authorities, adding trust and confidence among US traders. Lightspeed provides traders with advanced proprietary and third-party trading platforms enhanced with powerful charting capabilities, real-time market data, and customizable layouts. Additionally, the broker offers a wide range of educational materials and research resources to support traders in expanding their knowledge and staying informed about the market.
However, there are also some drawbacks to consider, including a restricted range of available trading products, the absence of 24/7 customer support, and a comparatively higher minimum deposit requirement.
Overall, we found that the broker provides a good trading environment for investment, however, we advise conducting your research and evaluating whether the broker’s offerings suit your specific trading requirements.
Based on Our findings and Financial Expert Opinions Lightspeed is Good for:
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